Banzai (PARA) CEO Davy Joseph Buys 115,965 Shares

What Happened Davy Joseph P., CEO of Banzai International, Inc. (PARA), purchased 115,965 shares of the company's Class B common stock on September 28, 2026. The shares were bought directly from the company under a subscription agreement at $0.70 per share for aggregate cash consideration of $81,176. This was a purchase (insider buy), not a sale.

Key Details

• Transaction date: September 28, 2026; Form 4 filed September 30, 2026 (appears timely under the two-business-day rule).
• Transaction type/code: Purchase (P) — private subscription from the issuer (not an open-market trade).
• Price and value: $0.70 per share; total $81,176.
• Shares acquired: 115,965 Class B common shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Purchase executed pursuant to a subscription agreement — direct issuance from the company.
• Filing timeliness: No late‑filing indicator ('L') noted in the provided data.

Context Because these shares were issued directly by the company (primary issuance), the transaction increases insider ownership but also represents new shares issued by the company rather than purchases from existing holders — a different signal than open‑market buys. Insider purchases can be meaningful, but motives aren’t disclosed; the dollar amount here ($81k) is relatively modest.